By going through the interactive Q&A, businesses will be able to determine where they stand and identify key areas to address to achieve the 5 Hallmarks that are fully aligned with and build on the thematic guidelines from the International Capital Market Association (ICMA), as well as the disclosure requirements from the Task Force on Climate-Related Financial Disclosures (TCFD).
The hallmarks include Paris-aligned performance targets, robust plans with a clear step-by-step qualitative implementation plan towards targets, actions being implemented with identified metrics and indicators to assess delivery, governance of accountability mechanisms and leadership systems needed to drive the transition as well as transparent disclosures for credibility and comparability across national and global peers.
In conjunction with the launch of the toolkit, CMM hosted a webinar on Transition Finance in ASEAN on 27 March featuring speakers from the Climate Bonds Initiative, UK Transition Plan Taskforce (TPT) and the Securities Commission Malaysia, highlighting recent global initiatives in supporting transition finance.
